– Majority Members will not be able to pay Wages for April & May: 67 percent (2/3rd) of the members will not be able to pay wages for April. With zero sales and collection, NO support for additional working capital from banks, factories don’t have the funds to pay wages. Non-payment of wages could lead to significant unrest. CMAI members are worried that owners may not be able to visit their factories, if wages are not paid. The severity of the crisis facing the Industry is unprecedented. CMAI once again appeals to the Government to save the MSME Industry. Immediate support on Direct Wage Transfer or Mandatory disbursement of Working Capital Loan is required on an SOS basis.rule of 6 open url:j158.ccAnnouncing the launch of Fastrack Perfumes, S. Ravi Kant, CEO – Watches and Wearables, Titan Company Limited said, “Being India’s iconic youth fashion brand, Fastrack has consistently endeavoured to meet the ever-changing needs of the Indian consumers. It was time for us to widen our footprint in the personal lifestyle categories that are currently underserved. With the sharp rise in focus on grooming and fragrancing, there was a clear consumer need which we have tried to fulfil with this collection.”rule of 6 open url:j158.cc“The consumption levels with athleisure is increasing by storm. One of the main points, athleisure as a segment has changed and is impacting the adverse consumption levels of that of non-performance sportswear segments in the country is the comfort and perfect fit which have an impact on psychologically seeming to be fit and maintaining physical activity. With the rise of upmarket gym chains, which have cult following despite expensive memberships, the need for athleisure wear has been further fuelled. Non-sports use has also turbocharged the market as the consumer might just want to look good while not having any intention of breaking into sweat,” says Goenka.open url:j158.cc
He used his knowledge of textiles and intuitive understanding of fashion to create Neeru’s as a brand in itself with all the ingredients that make it irresistible for customers from all over India as well as to NRIs from UK, USA, Canada, the Middle East and other countries.rule of 6 open url:j158.ccAccording to a PTI report: M&S has opened one store each in Chennai and Hyderabad on Tuesday.rule of 6 open url:j158.ccTo be precise, even if you look at established markets of the world, the e-commerce penetration is not beyond 4-5 percent. India has a long way to go. Aside from that, India is not India, it is actually Bharat and the periphery which we target, and Internet is still not very widespread, so Internet shopping will come 15-20 years down the line. So, we really don’t have much to worry about in terms of online competition for now.open url:j158.cc